Doge Rises Amid Reports of Crypto Support on Twitter

According to a Financial Times report, CEO Elon Musk would like Twitter’s in-progress payment model to incorporate cryptocurrencies. Amid the mooted revelations, Musk’s favorite crypto Dogecoin experienced a notable surge in value. The token hit a daily high but retraced its steps soon after.  Elon Musk became Twitter owner and CEO on the 27th of October last year. Despite still being in the early days of the handover, Twitter has experienced a slew of makeovers in the last few months.…

Is Binance Solvent? Crypto Twitter is Starting to Panic

Some of the crypto community’s biggest voices are worried that Binance, the world’s largest crypto exchange, is in financial trouble. Faced with record-high withdrawal requests, influencers debate whether the exchange will soon collapse in the same fashion as FTX.  On Tuesday, Binance faced billions of dollars in withdrawal pressure, which CEO Changpeng Zhao passed off as “business as usual” for the exchange.  CZ added: I actually think it is a good idea to “stress test withdrawals” on each CEX on…

6 Reasons Binance Backed Elon Musk’s Twitter Buyout

Binance notoriously devoted $500 million to support Elon Musk’s buyout of Twitter, after the billionaire announced his offer in April.  The company’s CEO, Changpeng Zhao (CZ), has now provided a summary of its 6 primary reasons for doing so.  Binance Supports Free Speech According to a Twitter thread from CZ on Friday, Binance’s foremost reason for supporting the buyout is its support for freedom of speech.  “Twitter is the global Townsquare. From singers/athletes/movie stars to politicians/CEOs/entrepreneurs, the crypto community, and…

Musk May Charge $20 Monthly for Twitter Verification – Report

According to circulating reports, Twitter’s “Chief Twit” Elon Musk is set to introduce paid verification for the platform’s users. This is Musk’s first significant move since entering his new role at the company following the Twitter takeover. Musk finalized his Twitter purchase on October 27 and now, hardly 4 days later is doing some major restructuring.  Reports Claim Employees Must Comply or Be Fired Musk is reportedly leaving little room for question as he moves forward with his plans for…

Binance to Create Team to Support Twitter’s Blockchain Initiative 

Major crypto exchange Binance is prepared to set up a unit of experts to aid Twitter's crypto and blockchain-focused ventures. News of this emerged via a report on Oct 28 not long after Tesla billionaire Elon Musk completed the controversial, high-profile Twitter deal.  Musk Finalizes Twitter Deal Binance’s new team will probe into the best ways to deal with Twitter’s drawbacks using blockchain technology. These include the abundance of bots on the platform, Musk’s single greatest issue with Twitter, and…

Musk Set to Follow Through with Original Twitter Deal

Per a report, Tesla billionaire Elon Musk has plans to move forward with the initial $44B Twitter purchase. Amid a standing lawsuit, Musk could be set to purchase the leading social media platform at $54.20 for each share once again.  Sources Claim Elon Musk Revisits Twitter Deal Anonymous sources close to the matter claim Musk communicated the proposal via a letter to the company. After news of the proposal broke, Twitter shares began to climb. The stocks rose 12.67% over…

Twitter Agrees to Pay $150 million Fine for Invading Users’ Privacy

Twitter has consented to pay a $150 million sanction to the US Department of Justice (DOJ) and the Federal Trade Commission (FTC). The payment is a settlement for an invasion of privacy charge by the US government. The complainant maintained that Twitter had released users' private information to help advert companies target customers. The Breach Explained Per a complaint on Thursday, the Social Media behemoth allegedly retrieved customers' cell numbers and email info under false pretenses. According to the charge, …

Binance Supported Elon Musk’s Twitter Takeover With $500M, Says SEC Filing

Binance – the world’s largest cryptocurrency exchange – is among a list of major equity investors backing Elon Musk’s Twitter bid. The company supported the tech mogul with $500 million, alongside an additional $1 billion from other crypto-supportive firms. Binance Backs Elon Binance’s backing was revealed in an updated Schedule 13D filing with the Securities and Exchange Commission (SEC) on Wednesday. It lists 19 different parties that contributed a total of around $7.1 billion to the Tesla CEO. Elon Musk…

Dogecoin Pumps After Elon Musk Joins Twitter’s Board of Directors

Elon Musk recently bought a 9.2% stake in Twitter and joined its board of directors to boot. Though it should bear no logical correlation, the tech giant’s favorite cryptocurrency is rising in light of the news. Dogecoin, which Musk has displayed much fondness for, has a tendency to fluctuate in response to his word. Yesterday, Bloomberg revealed that the Tesla CEO had purchased a 9.2% stake in Twitter for $2.89 billion. Twitter’s stock soared 27% after the reveal, now trading…

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